Germany-based Osram Licht AG in late July 2016 announced the sale of Ledvance, its lamp business unit, to a China-based consortium of LED packaging service provider MLS, Yiwu State-owned Assets Operation Center and IDG Capital Partners at EUR400 million (US$418 million), and the consortium in September-October proposed an acquisition plan to the government in Germany and hopes to obtain approval in the first half of 2017, according to MLS.
from DIGITIMES: IT news from Asia http://ift.tt/2ipxPsU
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